Question 1

Is Coromandel Valley a nice place to live?

Accepted Answer

Coromandel Valley sits in Adelaide's southern foothills and has a leafy, semi-rural character. Streets lined with mature gums, creekside reserves and walking tracks give the area a nature-focused feel, and housing ranges from weatherboard cottages and Federation-era homes to more recent brick and contemporary houses on generous blocks, creating a low-density suburb with plenty of space. A small village centre, local parks and sporting grounds provide everyday convenience, and road links to nearby shopping precincts and the city keep it practical for commuters.

About 4,380 people live in Coromandel Valley; the median age is 41 and the typical household income is $2,241 a week (roughly $116,500 a year). It is a suburb of families and owner-occupation is high at 92.5%, with renters at 7.6%. Local works include a pedestrian-actuated crossing on Main Road to improve access near the village and school precinct, an irrigation upgrade for Weymouth Oval and council-identified upgrades and future expansion for the Coromandel Community Centre. Whether it suits you comes down to what you want from a neighbourhood.

Question 2

Is it expensive to live in Coromandel Valley?

Accepted Answer

A median house price of $1,210,000 in Coromandel Valley works out to about 10.4 times a typical local household's annual income at the last Census (the median household income was $2,241 a week at that Census). That price multiple sits well above what local households were earning at the time.

On the rental side, the average house rent of $750 a week is about 33.5% of that weekly household income at the last Census, so rent would take a sizeable share of a typical local household's income. For most people weighing options, the rent share is the immediate measure if you plan to rent, while the price multiple speaks to buying.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Coromandel Valley a good place to invest?

Accepted Answer

House values in Coromandel Valley climbed 25.2% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents increased 6.4%, a solid gain in rental income. Taken together, these figures show capital growth for houses has outpaced rental growth this year.

Which of those outcomes matters most depends on your goals: the 25.2% price rise is the figure to watch if capital growth is your priority, while the 6.4% rent increase is the number that matters if rental income is what you need. Whether that balance suits your circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.21M	N/A
Change in value Past 12 months	25.2%	N/A
Sold Past 3 months	18	N/A
Median days on market Past 12 months	60	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	6.4%	N/A

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